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June 2022 (published: 27.05.2022)
Number 2(49)
Home > Issue > Tend and forecast of Global Market instruments for laboratory Diagnostic
Munassar M.A.
, Sosnilo A.I.
In-vitro diagnostics is the process of diagnosing various diseases using test kits and analyzers. The in vitro diagnostics (IVD) market is growing at a steady pace as awareness of various diseases grows and the government initiates various plans to reduce the incidence. Most IVD tests are performed in medical and clinical laboratories, but the advent of point-of-care (POC) technology has enabled testing in the presence of the patient and even at home. This technological advancement is driving the growth of the market over the forecast period. Market growth over the forecast period is expected to be driven by factors such as the increase in lifestyle-related diseases, the growing adoption of POC testing, the growing demand for biomarker-based testing, and demand from developing countries. Factors hindering the growth of the market are the increase in sales of counterfeit glucose test strips and strict regulatory approval procedures. The regulatory scenario is of concern as there is a wide range of tools and analyzes that range from Class I to Class III devices. Recently, there have been changes in legislation in the European Region, which has become a serious problem for market participants. There is an emerging trend in the market towards non-invasive prenatal testing, next generation sequencing (NGS), fluid biopsy and circulating tumor cell testing. Markets in India, Brazil and China are expected to grow at a rapid pace during the forecast period due to the high prevalence of infectious diseases in these countries. The purpose of this study is to assess the current global market for medical devices for in vitro diagnosis, identify the main factors and drivers influencing the growth and prospects of this market in the future. To conduct this study, as materials and methods, we used the analysis of these indicators of expert assessments published by specialists in Russian and international journals specializing in the implementation, promotion and development of laboratory diagnostic products. The results of the study determine the key promising markets for medical devices for in vitro diagnostics, as well as the correct vector for the development of the medical industry. In the final part, the main regions with the highest development potential over the next 10 years were identified, and indicators of the dynamics of the global market for medical instruments over the past 5-9 years were determined.
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Keywords: clinical assays, the global market of in-vitro, laboratory analyzers, hematology, microbiology, coagulation, molecular diagnostics and clinical instruments.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
UDC 339.5.12
Tend and forecast of Global Market instruments for laboratory Diagnostic
In-vitro diagnostics is the process of diagnosing various diseases using test kits and analyzers. The in vitro diagnostics (IVD) market is growing at a steady pace as awareness of various diseases grows and the government initiates various plans to reduce the incidence. Most IVD tests are performed in medical and clinical laboratories, but the advent of point-of-care (POC) technology has enabled testing in the presence of the patient and even at home. This technological advancement is driving the growth of the market over the forecast period. Market growth over the forecast period is expected to be driven by factors such as the increase in lifestyle-related diseases, the growing adoption of POC testing, the growing demand for biomarker-based testing, and demand from developing countries. Factors hindering the growth of the market are the increase in sales of counterfeit glucose test strips and strict regulatory approval procedures. The regulatory scenario is of concern as there is a wide range of tools and analyzes that range from Class I to Class III devices. Recently, there have been changes in legislation in the European Region, which has become a serious problem for market participants. There is an emerging trend in the market towards non-invasive prenatal testing, next generation sequencing (NGS), fluid biopsy and circulating tumor cell testing. Markets in India, Brazil and China are expected to grow at a rapid pace during the forecast period due to the high prevalence of infectious diseases in these countries. The purpose of this study is to assess the current global market for medical devices for in vitro diagnosis, identify the main factors and drivers influencing the growth and prospects of this market in the future. To conduct this study, as materials and methods, we used the analysis of these indicators of expert assessments published by specialists in Russian and international journals specializing in the implementation, promotion and development of laboratory diagnostic products. The results of the study determine the key promising markets for medical devices for in vitro diagnostics, as well as the correct vector for the development of the medical industry. In the final part, the main regions with the highest development potential over the next 10 years were identified, and indicators of the dynamics of the global market for medical instruments over the past 5-9 years were determined.
Read the full article
Keywords: clinical assays, the global market of in-vitro, laboratory analyzers, hematology, microbiology, coagulation, molecular diagnostics and clinical instruments.
DOI 10.17586/2310-1172-2022-16-2-94-104